# 119-hr-10821: To amend the Federal Deposit Insurance Act to make changes to the Standard Maximum Deposit Insurance Amount, and for other purposes.

119-hr-10821, To amend the Federal Deposit Insurance Act to make changes to the Standard Maximum Deposit Insurance Amount, and for other purposes., is a 119th Congress bill sponsored by Rep. Gottheimer, Josh [D-NJ-5] (D-NJ); status introduced; PRIA reads it as touching household money (as of 2026-10-30).

- Canonical: https://policyrisk.com/legislation/119-hr-10821
- As of: 2026-10-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10821
- Congress: 119
- Title: To amend the Federal Deposit Insurance Act to make changes to the Standard Maximum Deposit Insurance Amount, and for other purposes.
- Status: introduced
- Introduced: 2026-10-15
- Sponsor: Rep. Gottheimer, Josh [D-NJ-5] (D-NJ)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-30

## Summary

**This bill would raise the standard maximum deposit insurance amount to $750,000** and require automatic annual inflation indexing plus a joint FDIC–NCUA study to set future coverage levels. - Households and businesses with larger bank accounts would see deposit coverage expand to $750,000, up from the previous $250,000 cap, protecting more funds in a single institution. - Regulators and institutions must produce a joint report within one year. The Federal Deposit Insurance Corporation and the National Credit Union Administration must study deposit sizes, how balances are distributed, the insured versus uninsured ratio, and effects on the Deposit Insurance Fund. - The bill would start the new rule 180 days after enactment and add an annual adjustment tied to the Consumer Price Index for All Urban Consumers (CPI-U). Each January 1 the FDIC would raise the dollar cap by the prior 12-month CPI-U change and round the result down to the nearest $10,000.

## Provisions PRIA read

- Higher deposit insurance and annual CPI updates: benefit, medium. If enacted, the bill would raise the standard maximum deposit insurance amount from $250,000 to $750,000. The change would take effect 180 days after enactment. The FDIC would adjust that coverage each January 1, starting the year after enactment, by the percent change in the Consumer Price Index f…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-3077: Agriculture Resilience Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-8516: American Leadership in AI Act
- 119-hr-3633: Digital Asset Market Clarity Act

## Sources
- [119-hr-10821 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10821)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-3077: Agriculture Resilience Act of 2025](https://policyrisk.com/legislation/119-hr-3077)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-8516: American Leadership in AI Act](https://policyrisk.com/legislation/119-hr-8516)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10821 (as of 2026-10-30).